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the kinds of revenue from the wealthiest americans to help the economy grow and achieve deficit reduction and this puts us on a path towards a better economy. >> [inaudible question] what will he do at this moment? >> i would simply redirect that question to the republican leaders, who to this day, have not put forward any proposal on how they would achieve revenues and address the issue on the top 2%. there is no other way to do it, there is no other mathematically sound way to do it. making vague promises about achieving revenue through capping deductions were closing loopholes, it simply doesn't add up to a serious proposal. we haven't heard which deductions they would cap or which loopholes they were close. what is true is that other proposals that have been put forward include attempts to raise revenue only through closing loopholes and limited deductions can only achieve this if the middle class gets stuck with the bill. or if you have a proposal that is wildly limply unfeasible because it suggests that we would wipe out charitable deductions. it is simply impossible and getting som
and screaming that can't be part of it, yet all of them privately will tell you what's driving the deficit more than any single thing of medicare and medicaid and longer-term social security, so the mere fact that we are discussing those types of things fit. in terms of the votes, look, if it's going to be a deal there has to be votes from both sides. the reality is -- and these guys, the president and the speaker dealt with one another before. they've never been able to come to a deal. they came to a huge deal during the lame-duck session in 2010 on extending the bush tax cuts. they came to another deal without shutting down the government in april of 2011 cutting discretionary spending by billions of dollars and they came to another one on the debt ceiling as well which was a 2.2 trillion dollar long-term reduction in exchange for an increase in the debt ceiling. so, you know, the need to take it to another level. this is a more complex problem, and it's the beginning of a series of negotiations between the two. they are going to be together for the next four years. the president won the elec
is to go over the fiscal cliff. it maximizing the deficit reduction. there's no deal cut between republicans and democrats. it's not going to reduce the amount of money coming out of the deficit by a lot. so if you do that, you go back to the clinton tax rates, cut some defense and we have a short, mild recession for two quarters. we have to get serious about the deficit e. i have no belief that the congress is going to get serious about the deficit. so tom cole was right because he wants to get the republicans back in the mainstream. but the best thing the country could do is go over the cliff. >> timothy geithner doesn't agree with you on that. >> he may or may not. but i looked at this a lot of ways. the people inside washington are awfully smart and awfully out of touch. we need to do something about the deficit. going over the fiscal cliff is the best thing we're going to get out of washington in terms of serious production to the deficit. we will suffer, but we got ourselves into this. we're not going to get out without some pain. i think we are going to go over the cliff.
intervention to curb the deficit. it has been astronomical. then i heard barack obama say the way we are going to do it is by making more cuts in various ways. he was saying by making more cuts and the only people it is going to hurt is the working class and somewhat of the middle-class. he should mention the fact that out of control spending has a lot to do with the credit card crunch. specifically because of the middle-class. i think if we get those tax cuts centered with them, i do not think the poll would be affected. you have these small companies that are developing, and he is saying have those small companies hire more people and get them involved, but come consumer expenditures. that is partially i think a solution. host: you are calling on the republican line and you think hillary clinton would make a good candidate. would you vote for her in 2016? caller: i think she would be a very vital aspect to the political process. as far as her running for president, 2016 -- god knows what may happen from this point to that point. as far as her role as a democrat, i think by working along with
times." so far in fiscal year 2013, the government notching up a $172 billion deficit in november a lawn. jams is joining us from orlando, florida on the democrats' line. caller: i think the number one priority is the people, and i think he will do a good job. people should give him more credit and let him do what he is doing. it will take time. i think he has a lot on his hands to deal with now. host: if you get through, turn the volume down on the tv set. this is from "to the new york times." our question -- what should be the president's number one agenda. next up is christine from new york city on the independent line. caller: good morning. i believe the president will not be able to accomplish his agenda without doing something that i believe is supported by the majority of the american people, that is the critical need for campaign finance reform to restore us to democracy that the people are represented at intergovernment instead of special interests. if we got campaign finance reform enacted, i know john mccain wanted it and a lot of other people -- we could then move on to do wh
simpson shared the deficit reduction commission a couple of years ago. they are both in town trying to pound a sense at into elected leaders. evan thomas has been out of town promoting his book, "ike's bluff." terrific christmas present. >> thank you. >> as i recall, we were having the same composition we are having now. >> like groundhog day. talk about bluffing -- they will be complete unreasonable until the last second where they agreed. while they are bluffing, we could go over the cliff. >> where are we headed, mark? >> one side says that raising tax rates is an example, the other side says we will not balance the budget on the backs of students and seniors without asking those who make as much as i do not to pay another diamond. we are in the chest thumping a stage of this negotiation. we are interested in the product rather than the process. the process does the fact of the product and you don't want hostilities to make the final product unreachable. >> nina, there were a bunch of c.l.'s in town saying please do something so we can plan for our future. >> the difference betwe
the gramm-rudman deficit law, which was so important at the time. those issues remain important today. he did not aspire to be a politician, and he did not have to like one. he cared deeply. [laughter] we know he cared deeply about our country and devoted himself because he had a calling to shape and preserve our country's future. he believed deeply in the rule of law and used the force of his intellect to defend it. one of the things that is most telling about warren rudman is the statement that represents what he was all about. he once said -- i consider myself an american first and a republican second. fiercely independent, and totally committed to the common good, he had the courage of his convictions and stood for what he believed in. in bidding farewell to the senate in 1992, he expressed gratitude for the opportunity to serve in the senate with talented colleagues. many are here today to speak about their experiences with him. he also expressed his hope for the future of the senate, saying it is a very special place with very special people. i hope in the coming years that the inst
, for which we're responsible. there is a $1 trillion -- $1.04 trillion deficit this year, fifth year in a row we have this kind of number. we're going to, as folks used to say when i was a young fellow, this country's going to hell in a hand basket if we don't get our act together. >> and right now, we still have time. dollar's not falling. we don't have treasury bond yields soaring through the roof lou: the euro is rising against the dollar. isn't that embarrassing? >> that's not a concern to the administration or congress. lou: we should say to hell with the sound dollar. let's em brails strong competitiveness. last i looked at the trade deficit, we were, again, lagging and uke sucking popped water. there's a rising deficit stripping our gdp. >> and right now europe is in a relatively deep recession. we're still above water. lou: you jumped all over the punch line because you talk about things not making sense. folks, this is not making sense. i'm delighted because people have wealth left in the equities market, the bond market. how long will that be the case if we go over the cliff? >> won
't raise enough taxes to completely deal with the deficit. and you do have to do reforms. you need to reform the tax system. you certainly need to make additional cuts. i do want to remind you though, that we have already voted on one trillion dollars of cuts, cuts that would cause great pain. i agree what you 100%. it can not be done. melissa: spending cutting numbers are even smaller than the tax numbers. they don't get us there either. i'm worried about stalling the economy. in the meantime when we talk about raising taxes and what it would do to small business. democrats like to point out we would only raise taxes on 3% of small business owners. >> right. melissa: but that 3% generates 50% of the income from small business. so they're hiring the majority of people. to me that is going to cost us jobs. >> well, you know what? i think that what will cost us jobs for sure is if we go off thissfiscal cliff, because it is not just about raising tacks. it is also about the debt ceiling. it is about unemployment insurance. we have number of key issues that absolutely have to be resolv
who actually came up with a plan to cut the deficit, a plan that everyone hailed as magnificent but no one wanted to adopt. >>> joining me now is cnn contributor will cain. he leans right. good morning, will. >> good morning. let me tell you something. you said the popularity of gangnam style knows no limits. i beg to differ. >> you do? >> i think we just found its limits, when 8-year-olds start doing gangnam style you can count on its popularity decreasing. we're about a year away from it being makarena. >> trying to get two sides come together to come to a deal on the fiscal cliff. >> i don't know about young people's abilities to force cats and dogs and democrats and republicans to come together to find a deal. he had a much more profound message than just simply dancing in that clip, in that psa essentially. he was trying to alert young people to the fact that old people, bluntly, are organized. look at the army of aarp representatives that ensure that programs like medicare and social security, programs that take up something like 50% of our federal budget will remain intac
income tax cuts. the republicans say the plan cuts the deficits by $4.6 trillion based on the white house method of counting based on the recommendations of the president's deficit reduction commission but the president could disagree. the republicans say the plan would raise $800 million through tax reform but not by phasing out the upper income bush tax cuts and before the plan was announced, white house press secretary insisted the rates will not make it to the new year. >> he will not sign a bill that extends those tax rates for the top 2 percent. we cannot afford it. it is not wise economic policy. not wise fiscal policy. it would defeat the principle of balance that he has embraced. >> the president wrapped up an hour long twitter session promoting what he called a balanced approach, as far as deficit reduction. >>shepard: is this posturing? >>reporter: well, it is, this great measure. each side wants to blame the other. and not just if we go over the cliff, but if they do reach an agreement, each side wants the other to take the blame for the parts of the ultimate compromise their
buffett and all his pals, it will pay off obama's 2011 deficit in the year 2520 circumstance, in 514 years time, and then we'll need the next half millenium to pay off his 2012 deficit. >> i think the republicans were sent there with a mandate as well as president. obviously the american people voted for the status quo. they voted for divided government. here's the question i have. i would no want them to think os and grand hides and the slem hammer we're robbing them with. if obama wants to take the country off the fiscal cliff, they need to go there. they seem afraid of that. do you see that. >> it's clear from the election that the majority of americans essentially voted for european levels of spending. you can't have european levels of spending. we're one percent under canada. there's no difference any more, not in terms of government spending. we're close to norway. we're not quite to sweden yet, but we basically are spending like europeans, but we're not taxed like that. the idea that you can close that gap, i think he figured out if he can make this level of spending permanent, he c
the tax increase he wants the country would be facing trillion dollar deficits. >> this isn't a progress report because there is in progress to report. when it comes to the fiscal cliff threatening our economy and jobs the white house has wasted another week. >>reporter: he calls officials saying they are ready to go over the trip. >>shepard: democrats insist that revenue, revenue, revenue is the key. >>guest: president obama campaigned on it and obviously won and democrats insist upper income americans should pay higher taxes but there could be room to negotiate but their point is they don't want to talk about other aspects of a deal until the g.o.p. gives in on their demand for more tax money. >> what is lacking are the revenues. we cannot cut your way to deficit reduction. what reduces the deficit are jobs. job creation. after spending cuts, and medicare saving, and next is the revenue. >>reporter: leader pelosi spent time at the white house today meeting with president obama on what we are told are a number of issues. >>shepard: thank you, mike, from washington, dc. we know that busi
is that at a minimum, any deficit package has to include this immediate february and march debt ceiling that we're going to hit. >> is jack lew the current chief of staff and former budget director the top candidate to be treasury? what is your best guess? >> he appears to be the frontrunner from everything you see and read and hear and he is a -- i've known him a long time. he's an accomplished guy. he knows these issues perfectly. he has worked in the financial community and has a sense of that and vice versa. and so i think he would be a it terrific choice. >> we should say there are a couple other people who have been rumored to being vetted. roger altman, former treasury official, larry fink, be erskine bowles. this what is alan simpson, erskine bowles' partner in the deficit commission, had to say about that possibility last week on the show. >> he said he would be very pleased to do that. he shared that with me personally, as long as they move the treasury department to north carolina, to charlotte. i don't think -- >> he's worked so hard on this. you don't think he could be persuaded? >
-war in washington, from one half of the team that produced the deficit-cutting plan republicans say is their inspiration, democrat erskine bowles. >> there are over $7 trillion worth of economic events that are going to hit america in the gut. i think impact would be really strong. if anybody thinks this is going to be a slope better wake up. >> ifill: the link between brain injury and sports, new evidence ties repeated blows to the head to long-term damage. we take a look. >> brown: ray suarez looks at the firestorm over israel's announcement it will expand settlements in the west bank. >> ifill: elizabeth brackett looks at how one chicago school is dealing with the transition to new state-wide standards. >> i really did find that the kids do understand more, and they learn more. they're more interested in what they're learning. >> brown: plus, as global carbon dioxide levels hit record highs, we analyze the increasing difficulty of combating climate change, with carol davenport of the "national journal." >> ifill: that's all ahead on tonight's newshour. major funding for the pbs n
on the highest 2%, you cannot generate enough revenue for deficit reduction. unfortunately, the changes in the tax code, which is republicans want to turn to will increase taxes and cut tax deductions for the middle class americans. >> all right. joining me now, contributing editor for the daily beast. we just heard from democratic senator there. does that sound like any progress has been made? as we talk about 23 days, that doesn't take into account we are looking at december 21st. if you happen to watch that on television, it looks like both sides are hardening. the cement is getting thicker. there's a growing recognition on the republican side that they have lost the debate over the higher tax rates and that those rates will go up. and there are lots of other tax increases that aren't getting the public attention. the rate at which capital gains are taxed. the rate that is paid on dividend income. i'm stumbling over my words because i don't have a lot in that category. i think the republicans are willing to move there and there's money there. the president has been more forthcoming o
overwhelming the deficit story was at that point. you know, you look at that administration. the coming in, just no one thought they could do anything. it's not unlike the conversations we're having now. and they went in, they did the deal, president bush had to shift from read my lips to as only he could put it, read my hips. and it was good for the country, it created a political dynamic that cost president bush the election in 1992, and which we're still living, because that gave us grover norquist, et cetera. >> let's get to grover norquist in a minute, but i do have a question. the gop plan consists of $2.2 trillion in savings over a decade. that includes raging the eligibility age for medicare from 65 to 67. and lowering cost of living increases for social security benefits. they also propose overhauling the tax code to generate $800 billion in new revenue. but without raising taxes on the wealthy. in a letter to the president, leading republicans compared their plan to one erskine bowles drew up last year. >> not even close. >> he rejected that connection and the white house, of cou
could not print money, we would be in a very bad way. i just think we need to get this deficit under control. those two wars that we have not paid for need to be paid for. you know, it has to be done. if going off the fiscal cliff means that it will be done, so be it. host: other groups are weighing in on these fiscal cliff talks. here is "the new york times" -- in the "financial times" this morning -- roger altman writing today in "the financial times." president obama will be meeting with several governors today at the white house to talk about the fiscal cliff. they will be meeting this morning around 10:00 a.m. eastern time, and then the governors are slated to hold a news conference at around 11:30 a.m. eastern time. go to our website for more details. washington insiders tackle fiscal cliff policy solutions. the group will hold a roundtable discussion today on the importance of reform to address the nation's debt and deficit spending this event takes place this morning around 8:30 a.m. eastern time. go to our website for all our coverage of the fiscal cliff talks. we have a web
to reduce the deficit. jenna: interesting the president is saying he was speaking off the you have cuff, no teleprompter there. he's speaking about how he's rooting on american business. pointed to a couple of aspects much the economy, improvement in consumer confidence and housing as well. he was going to talk a little bit about the fiscal cliff and that's something we've all been talking about recently, and what it means for us right now and the year ahead. we also have other business news. we'll get back to the president by the way if and when we get that feedback. he will be taking questions from the audience there of business leaders as gregg mentioned. elizabeth mcdonald ever the fox business network is standing by list toning some of what the president had to say about the economy. liz, can you place it in context about where our economy is right now. >> reporter: the president just now was placing it in the -- the economy in the broader context of what is going on in the world, mentioning asia, mentioning europe, and then he turned to what was the most important part of the spee
trillion and due to expire in february without more deficit reduction. >> history shows that the only major deficit cutting deals we ever do around here ever comes after debates over the debt ceiling. it may be a good idea if you don't care about the debt, but it's a nonstarter for those of us who do. >> reporter: public opinion generally is on the president's side. house republicans are not paralyzed or powerless. in fact, they're more unifyied behind speaker boehner than they were on the debt crisis a year ago. why does this matter? the white house is noticing if there is a deal boehner can find the votes to pass it. >> thanks. we want to give you an idea of what's really at stake here. rebecca jarvis has a lock at how the government spends money and how it could spend less. rebecca, good morning. >> good morning. >> it comes up in terms of the money we're talking about in raising rates. how much is it that the republicans are objecting to? >> if you lock at that $250,000 number, if you were to raise taxes on everybody making $250,000 or more in this countr
they will not increase the debt ceiling now $16 trillion and due to expire in february without more deficit reduction. >> history shows the only major deficit cutting deals we ever do around here, ever, comes after debates over the debt ceiling. it may be a good idea if you don't care about the debt, but it's a non-starter for those of us who do. >> reporter: public opinion generally is on the president's side, but republicans in the house are not paralyzed or perilous, more unified behind speaker boehner than a year ago. why is this important? the white house is beginning to notice and now believe there is a deal boehner can find the stroets pass it. >> an idea what's really at stake. rebecca jarvis has a look how the government spends money and how it could spend less. rebec rebecca, good morning. >> reporter: good morning. >> the question comes up in terms of the money that we're talking about in raising the rate. how much is it that the republicans are objecting to? >> if you look at that $250,000 number, if you were to raise taxes on everybody making $250,000 or more in the country that would ra
deficit and debt. so this, this legislation both accomplishes that goal and still provides an increase in diversity which is what the senator from new york was talking about. and then an additional point is the point that the senator from texas so very clearly made. this legislation passed the house. last time i checked, legislation has to pass the senate and the house. that's a pretty important distinction. going back to the comments of the senator from kentucky. he said hey, if we can't do it all at once because of disagreements, let's start getting done what we can get done. so here is a bill that provides us with -- with people who can help our economy grow, people in the sciences and technology fields that we very much need. it will increase diversity just as the senator from new york said, and it's passed the house. common sense says let's go. let's pass the bill. so we very much want to join with the senator from new york and the senator from delaware and the other sponsors that he referred to, but let's join on something that can actually get done, meaning a bill that passes th
reagan on what social security and medicare have nothing to do with the deficit? have you heard that clip? >> bill: no. i know that's the truth but i haven't heard that clip from ronald reagan. try to find it, dan. yeah. he said it in his day. it was true then. it is true today. >> that's right. he says even if you pull that money, if you took money from them, it wouldn't go to reduce the deficit. so if you can get that clip, i think he was running against bob dole or somebody. i forget who it was. >> in the primary is. >> yeah. we will try to find it. i am interested in that. >> that's the thing with the republicans today even though social security has may nottedy of money if we would stop stealing from it. it's not going to expire anyhow. i mean run out of money until it rungs short of money until something like 2035 and even then, it would pay most of the benefits. it's a non-issue of dealing with the debt crisis. but republicans hate social security. they've always wanted to abolish it ever since the days of franklin roosevelt and they are t
-author of a deficit reduction plan that neither side has previously embraced. i spoke with him a short time ago. erskine bowles, thank you so much for joining you. late this afternoon john boehner, the house speaker, sent a letter to the white house in which he said he needed to find different middle ground on this fiscal cliff issue. he particularly cited your report which he described as providing imperfect but fair middle ground as a way of breaking this political stalemate. he's saying only the president would adopt your approach that maybe this stalemate could be broken. what do you think about that? >> (laughing) well, i haven't seen the letter, as i think you know. it's nice that the speaker would give me some credit for trying to do that. but what he is referring to is when i testified before the super committee, i tried to show these guys that if they truly wanted to ghettoing that they could ghettoing at that time. and basically as an example on discretionary spending they were talking about cuts between $200-$400 billion. look, ghettoing on $300 billion. on health care between $500 b
social security is not connected to the deficit. a separate program, funded separately in the own trust fund. that needs to be dealt with separately. with regard to medicare and medicaid, those programs are floating on the overall inflation rate in healthcare. what we need to do, this is a major part of the affordable healthcare act was to bend the cost curve to bridge down the inflation rate in healthcare. in fact, in the last two year years, the inflation rate in medicare has been remarkably low. much to the surprise of everybody. some in the two or 3% range. that is incredible. part of that is due to the affordable healthcare act. undoubtedly to others. with regard to the doctor payments, that is an annual problem here in washington. started back in the early 2000s. continued to be an annual problem. called the doctor fix. i guess for budgeting reasons, way back when they decided that they would only fund that increase in doctor payments for one year. then every year it comes up. every year it grows because of the general inflation in healthcare. it needs to be fixed permanently as p
is an agreement that gets our long-term deficit under control in a way that's fair and balanced. and that kind of agreement would be good for our businesses, it'd be good for our economy, it would be good for our children's future and i believe that both parties can agree on a frame work that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> so right now, all eyes are on the white house. the country doesn't need a victory lap, it needs leadership. it's time for the president, congressional democrats to tell the american people what spending cuts they're willing to make and we'd like to thank the president for adopting the fox news slogan there and as we get closer to the fiscal cliff, both sides seem to be standing tough and what about the coverage, jim in. >> i think the debate overall that began with simpson bowls saying we should roughly have tax cuts, tax increases, pardon me, and spending cuts and so the media narrative is sort of, can we get simpson bowls through a recalcitrant republican congress? and what's changed though, i think it's really a ro
trillion from the deficit saying it doesn't quote meet the test of balance. the gop said the same thing about the white house's opening salvo. the gop says the ball is now in the white house's court. where are we with the dollars here? >> reporter: we have the opening bids from speaker boehner and president obama. the different in dollars. the president wants $800 billion more in tax increases. the republicans want approximately more a trillion dollars more spending cuts. that's the difference between the two sides just in dollar terms. there is a difference between the two sides in terms of principle. the principle centers on higher tax rates, yes or no. speaker boehner many latest offer is raise $800 billion mostly from the wealthy by limiting deductions. the president says, no, don't want that. we want to tax the rich with higher tax rates on the rich. we have a dollar difference, a difference in principle. martha: we are hung up on ideology here. if you can get the money one way and it produces a long lasting change to the tax code which both sides say they want, what seems to be th
for four years, i left unemployment high, i increased the size of the debt and the deficit, i got everything i wanted, the place is a mess and look, i got reelected. so, what's so hard about me continuing to doing that and blaming it on them. obviously, i'm very good at that and that's base clr where he's going here and the republicans i think are not very good poker players, they're signaled they're relucks tennant to go over the cliff. if you're in this showdown, i is a, come on, bring it. >> paul: they will get blamed if that happens and the president is signaling that. that wouldn't be a pleasant outcome for them. you're saying they should suggest to the president we had he' be willing to do that and maybe he'll give at the end? >> yeah, i think they have to show that they are it, that he's in a negotiation and that he has to give and that they're willing to give and if they just say, look, we're so afraid of getting blamed for that, of course, he's going to roll over them. >> kim, where do you think the republicans are? where should they go here? do they have real options, an
, and adopting a balanced approach to deficit reduction. and so it goes. my first guest says it does not matter who you tax or what form revenue takes him, taking more money at the private sector will hurt economic growth. joining us now, republican senator from the great state of kentucky from the senator rand paul. good to have you with us, senator. >> good evening. the president says we don't have enough time for tax reform or in thailand reeorm. you know my responses? we have been talking about this for two years. why haven't we done anything? i met with the president a year-and-a-half ago and i looke@ across the table in. i said in a we need to do something about social security. we need to do something to save medicare. they have done zero. how come there is no committee appear. d'agata washington. who is in charge of social security reform? nobody. everybody waits for a deadline and throws up their hands and says we don't have enough time. it is broken up here, but because they're not doing their job. lou: not doing their job, and whose job is it a much the republicans to start making so
is preposterous when you're running trillion dollar deficit. and just to add insult, and here's the insult, he demands congress give up the power to control the deficit. that's obviously meanlt to humiliate the republicans. it's a non-starter. it's not acceptable. it's a way of saying to boehner you want to hand me your sword, you want to hand me your shirt? i want your trousers as well. the white house is not budging, and everybody's waiting, meaning the media, the administration are waiting for republicans to cave. >> look. i agree totally with you and their posture, their public posture appears that they're going that way. i'll give you a quick example. when john boehner started to answer the other day and he said well, our plan is to raise revenues on the rich, he was co opting barack obama's language and we read this week about the purging and the removal of conservatives and tea party members from their committee assignments because they didn't vote the way speaker boehner wants. that seems to me to be evidence that a surrender is coming. >> well, i'm not sure it's the appointments so mu
has risen by 26% against the dollar and that's not going to cure our trade deficit with china. we need to save more in this country and w count country and we need to get a handle on this deficit problem. but ronald reagan didn't get us into any wars, we had a police action in grenada, in eight years, that was it, yeah, you got to be strong, you got to maintain a strong national defense, fight against budget cuts and so forth. but unless there's a very large national interest involved, it can -- it's sometimes very counter productive to engage in some of these activities overseas, where right now, for instance, there's a lot of pressure on president obama to intervene militarily in syria, that would be the worst thing in the world we could do in my opinion. we should support the syrian opposition, politically, diplomatically, economically, but not militarily, because t t that's a slippery slope once you get into it. >> not even a no fly zone? >> i don't know, if you start a no fly zone, you got to get into the anti-aircraft batteries. but the government is going to fall. so i think th
him for a long time, deficit hawk. they haven't allowed him to put a budget out for years. he's growing frustrated. i'm sure he's going to be glad to leave. but i was surprised by that as well. you see also, sam stein, republicans are now starting to really bash boehner from the right. the president needs to take note. he needs to take note. >> give him some running room. >> i'm only saying this because you remember, we went through this with newt. you know, bill clinton would push newt only so far, and then the conservatives in the caucus like myself and matt salmon, steve largent and others would say we're not doing a deal. we will take this place down. we're not doing a deal. and then newt would call bill clinton up and say, you're pushing me too far. you've got to work with me here. the same thing's happening right now with boehner. >> with boehner. >> the republican -- and when you start stripping people of committee -- committee seats, war breaks out and it gets really -- it happened with us. it's about to happen here. he's got to realize that boehner is his partner. >>
for raising revenues, cutting spending and reduce the deficit by $4 trillion over the next ten years. he said the ball is in the g.o.p.'s court. >> you have heard them for the first time i think in two decades they are willing to have revenues go up to make a balanced plan but they have to tell you what they want do on rates and revenues. >> he says there is no plan to an agreement unless they acknowledge tax rates have to go up for the wealthiest americans. >> heather: thank you very much. with less than one month to reach a deal there is new urgency to reach a deal. coming up our political panel will debate the zik go points. >> brand-new reaction today from the potential nominee of u.n. ambassador susan rice to be the next secretary of state. a senator reiterating concerns about statements she made following the benghazi attack that left four americans dead. in the meantime, clare mccaskill came to the ambassador's defense. >> she had reviewed the dpeor foer going. >> on sunday shows and went well beyond the talking points, we have decimated al-qaeda, that was nowhere on the talking points
. we need to get serious about our deficit and debt that are burying our children's future. [ man ] ring ring... progresso this reduced sodium soup says it mahelp lower cholesterol, how does it work? you just he to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. martha: we have brand-new details on the deadly bus crash that happened in florida. police say the bus driver was confused and lost when he chose the wrong route coming out of miami airport. the top of the bus crumpled after the crash and killed two passengers. it had 32 jehovah's church members on board, they were heading to a conference. bill: if you wash watching "fox news sunday" john boehner described his reaction when the president presented its plan for the fiscal cliff. > >> i said you can't be serious. we have 7 weeks went election and the end of the year and three those weeks have been wasted. bill: flabbergasted, rich. wasting time. three weeks
where you get a down payment in 2013 which brings the deficit to gdp ratio down from 7% down to 6%. if we could do that along with some long-term agreement we'll get another trillion out of entitlements or a trillion from taxes or somewhere else but a range of what we'll do in 2013 where we'll get the money for the rest of the sort of fiscal issues over the next few years but some down payment. we get the down payment and it's a reasonable downappointment not one that will crush the economy, i think the market could react very well to that. >> what's your opinion on what's going on in the economy ex-sandy? you were saying a better jobs number would show the economy is resilient. do you think it is resilient, if it doing, if you can take out the effects of the hurricane, better than people think? >> i think it's got so much potential. i see all the hesitancy here. but pent-up demand is forcing the housing market higher. pent-up demand is forcing the vehicle market higher. consumer finances are very much improved. people have locked in the 30-year, fixed-rate mortgages at a wonderfu
. we know we cannot deal with a serious deficit problem in this country as well as meeting our obligation to americans as well as making sure we protect the middle class. so he's put out a serious proposal of revenues and spending cuts and economic growth that does strengthen the middle class and get that economic growth. that's perfectly good starting point. the fact that speaker boehner rejected that, we're in a tough spot right now. what the republican leadership in the house has to do is say look here's what we want to do, here's what we believe we should do. they have to understand that the president won, the democrats gained seats in the house and the senate. the american people have said find that common ground, the beginning of that common ground is make sure we protect the tax cuts for the middle class. make sure we don't hurt the fragile economic recovery in the short term and let's deal with protecting medicare and deficit reduction for the long term. >> there's a piece in the "new york times" talking about the president's new negotiate i want aing style. it said mr
in a deficit talk is simple. it saves money. the keizer family foundation estimates that when it's all said and done, the government could save $5.7 billion in the first year of that plan. but those 65 and 66-year-olds they don't disappear. they are still going to be here and they are even going to get sick sometimes, which means the savings we'd see by kicking them off medicare rolls will pop back up in the economy. it's not pure savings, it's a cost shift. first and foremost, you're going to see increased costs for seniors who will have to find another health insurer since medicare is huge and uses its bargaining power to pay less by quite a bit. the seniors turning to private insurance will have to pay more for the same coverage. 3.7 billion more in the first year of the policy. for those 65 and 66 years old who are eligible for medicaid, states will have to pick up some of that tab. so three-quarters of a billion dollars will pick up that tab, we think. then there are the employers. many of the ineligible will turn to their employers. that will increase the health care costs of companie
the math. they say that as part of the deal, and they are talking about $4 trillion in deficit reduction, that if you close the loopholes and you're not going to close the loopholes for the middle class, you're just not going to get enough money, 400, $500 billion. the president says he wants $1.6 trillion. my guess is he would probably settle for around a trillion. so -- and in addition, look, the president campaigned, i mean, certainly made it no secret that was one of the big issues between him and romney. he campaigned on raising the tax rates on the top 2%. people making over $250,000. he won. he thinks he's got a mandate on that issue. >> hopefully we'll hear something today, a little bit of wiggle room, i hope. i also wanted to ask about the removal of four republicans from key committees. what is that all about? >> well, this is in the house. this is speaker john boehner, and, you know, he's trying to get people behind him and he's basically saying to some of the conservatives who have been off the reservation, and he's had a big problem. one of his problems is he's got to deal w
are in a deficit situation, as people have been discussing the past several weeks so there are potential in congress for the house and senate members. >> eric: billions of dollars. of taxpayers money that goes to the u.n. ambassador bolton, thank you for your insight. >> guest: thank you, eric. >> jamie: a fox news extreme weather alert. flood in effect for the west coast. yet another storm is approaching. folks are preparing for worst. severe weather threatening to bring more rain to an area that is already been drenched. chief meteorologist rick reichmuth live from the fox news extreme weather center. if you know rick is hanging out, it must be serious. how bad? >> really bad. this is the second batch of storms they have had this month. earlier in month, a lot of areas saw ten plus inchs of rain. now we have had another series of storms last week where we have seen ten plus inches of rain. the ground is saturated. this storm is windy. windy conditions across colorado, spreading across the intermountain west. the ground is saturated, if you take that wind and we will see more trees goin
which he issued last week. they say their plan would cut $2.2 trillion from the federal deficit over ten years. with $600 billion in health care cuts, $300 billion in cuts to mandatory spending and another $300 billion in cuts to other federal spending. the biggest difference between the republican plan and the president's remains taxes and how the government can generate more revenue to pay down the debt. >> rates have to rise on the top 2%. there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich, bringing in $1.6 trillion. republicans want to close tax loopholes and eliminate deductions, which they say will raise $800 billion in new revenue. >> the president has a huge responsibility to work together with congress and find a solution to avert the fiscal cliff. >> reporter: and they say it's now up to the president to find a plan that can pass both chambers of congress. so now that each side has rejected the other's first offer, it's going to be interesting and important to watch the timing of the next offer on the part of the white house t
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